Honeywell Buys Security Company
Good morning Wake-Up Watchlisters! While you’re sippin coffee you’ll see stock futures were steady on Friday. Traders are awaiting a pivotal U.S. jobs report for more evidence on whether the labor market is cooling. New optimism surrounding artificial intelligence and tech stocks also helped the markets surge on Thursday.
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Here’s a look at the top-moving stocks this morning.
RH (NYSE: RH)
RH is down 7.60% premarket after posting a quarterly adjusted loss of 42 cents per share, which was well below the analyst consensus estimate of 97 cents. Quarterly sales of $751.23 million missed Wall Street’s estimate of $756.74 million, a 13.56% decrease over sales of $869.07 million in the same period last year.
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Carrier Global Corporation (NYSE: CARR)
Carrier Global Corporation is up 4.56% premarket after reports that it plans to sell its security unit to Honeywell International for $4.95 billion. Carrier said it plans to use $4 billion of the sale proceeds to pay down debt. The acquisition of the maker of electronic locks for hotels and hospitals will be added to Honeywell’s Building Automation unit.